Moves nearly the same as ER2,
CME EMINI S&P 400 MIDCAP FUT MARCH volume = 882,372
Or 44,119 per trading day. Better than 2500 per day.
21% increase in volume from 1 year ago.
Still a long way from CME E-RUSS 2000 FUT MARCH # 7,157,542 volume.
ER2 on ICE
- Thread starter millionaire7
- Start date
Moves nearly the same as ER2,
CME EMINI S&P 400 MIDCAP FUT MARCH volume = 882,372
Or 44,119 per trading day. Better than 2500 per day.
21% increase in volume from 1 year ago.
Still a long way from CME E-RUSS 2000 FUT MARCH # 7,157,542 volume.
Listen, this is total bullshit. Sharon Hruska-Brown, former CFTC chairperson/commissioner is responsible here. She approved of the CME/CBOT merger. And on what grounds ? MORE COMPETITION ? Where did she get her economics degree ? China perhaps.
The day after the merger, the CME immediately stopped the free FTP downloads of their time-and-sales data of the eminis. Then they made it a "pay-only" service.
Love that competition !
Dont you think atleast 50% of volume will move to ICE once ER2 stops trading on CME ?
Some volume will move to ICE once the contract trades there exclusively. In fact, volume, while still anemic, is already increasing.
However, there is no cross-margining between CME and ICE contracts. This is a serious disadvantage for traders who want to play the ES-TF spread, for example.
As long as this issue isn't "fixed", the new Russel 2000 contract on ICE will not reach the volume figures of the old one. But I doubt there is any reason for CME to to that.
However, there is no cross-margining between CME and ICE contracts. This is a serious disadvantage for traders who want to play the ES-TF spread, for example.
As long as this issue isn't "fixed", the new Russel 2000 contract on ICE will not reach the volume figures of the old one. But I doubt there is any reason for CME to to that.
Good to know that. 